RBI Grade B Questions Series – Quiz 2

Dear aspirants,
We are presenting you the Quiz 2 of our RBI Grade B Questions Series 2019. These MCQs will cover the questions on topics which are very important from exam point of view. Also do read the answers provided at the end of quiz.

Q1. Who is the author of book titled ‘The Road to Serfdom’?

1. 1. David Recardo
   2. Adam Smith
   3. John Maynard Keynes
   4. Friedrich von Hayek

Q2. Who releases the Ease of Doing Business Report annually?

1. 1. IMF
   2. World Bank
   3. Asian Development Bank
   4. World Economic Forum

Q3. According to World Bank’s Ease of Doing Report, what is India’s ranking in Contract Enforcement?

1. 1. 77
   2. 101
   3. 163
   4. 167

Q4. What is India’s ranking in Ease of Doing Business Index?

1. 1. 77
   2. 101
   3. 163
   4. 167

Q5. Who is the author of book titled ‘Theory of Moral Sentiments’?

1. 1. David Recardo
   2. John Maynard Keynes
   3. Friedrich von Hayek
   4. Adam Smith

Q6. According to Census 2011, which Indian state had worst child sex ratio?

1. 1. Haryana
   2. Sikkim
   3. Punjab
   4. Uttar Pradesh

Q7. According to Census 2011, what is the national child sex ratio?

1. 1. 941
   2. 927
   3. 919
   4. 909

Q8. Economic Survey of India has used the term ‘dwarf companies’. Which among the following is true about these dwarf companies?

1. 1. Large firms that never grow beyond their size
   2. Small firms that never grow beyond their small size
   3. Small firms that never provide large employment
   4. Large firms that never provide large employment

Q9. What is the turnover limit to be eligible under GST Composition Scheme?

1. 1. 50 lakh
   2. 1 crore
   3. 5 crore
   4. 2 crore

Q10. As per priority sector lending guidelines, what percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure should go to Micro Enterprises?

1. 1. 15%
   2. 12%
   3. 10%
   4. 7.5%

Answers

1. 4
2. 2
   The ease of doing business index is an index created by Simeon Djankov at the World Bank The ease of doing business index is meant to measure regulations directly affecting businesses and does not directly measure more general conditions such as a nation’s proximity to large markets, quality of infrastructure, inflation, or crime.
3. 3
   The India’s rank in contract enforcement is 163 with Enforcing Contracts Score of 41.19. The top three countries are Singapore, South Korea and Norway
4. 1
   India climbed 23 points in the World Bank’s ease of doing business index to 77th place, becoming the top ranked country in South Asia for the first time and third among the BRICS. The top three countries are New Zealand followed by Singapore and Denmark.
5. 4
   The Theory of Moral Sentiments is a 1759 book by Adam Smith. It provided the ethical, philosophical, psychological, and methodological underpinnings to Smith’s later works, including The Wealth of Nations (1776), Essays on Philosophical Subjects (1795), and Lectures on Justice, Police, Revenue, and Arms (1763)
6. 1
   The Child sex ratio was lowest in Haryana at 834. Arunachal Pradesh has the highest child sex ratio among the Indian states i.e. 972. The Child Sex Ratio is defined as the number of females per 1000 males in the age group 0–6 years.
7. 3
   In the census 2001 the child sex ratio of India was 927 which declined to 919 in the census 2011
8. 2
   Dwarfs are defined as small firms that never grow beyond their small size
9. 3
   The composition scheme under GST is currently applicable to businesses with aggregate turnover of 1.5 crores or less
10. 4
    5 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher should go to Micro enterprises

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